“The new indices will provide investors with access to a wider range of targeted products, enabling exposure to growth sectors driven by security-related developments and the ensuing reconstruction efforts.”
TASE continues to expand its product range with the launch of two new equity indices: TA-Infrastructure and TA-Defense. The new indices will be included in the Tamar Universe and updated annually in November. The indices are based on lists of companies that will be compiled and updated in October of each year by TASE’s Research Unit.
TA-Infrastructure will be comprised of shares of Israeli companies that are included in the TA-125 index or the TA-SME60 index and operate in the national or public infrastructure sectors, in Israel or abroad. The index is expected to be comprised of over 40 diverse shares, with a combined market cap exceeding NIS 240 billion. The launch of the index anticipates increased activity from companies involved in the extensive reconstruction efforts following recent security events.
The TA-Infrastructure index will include companies that operate primarily in the infrastructure sector (at least 50% of revenue or assets, or 40% for existing companies), with a 5% weight cap. The index will be calculated as a gross total return, and its base value will be identical to that of the TA-125 index on its launch date. There will be no fast-track entry of shares to the index, and the list will also include infrastructure ETFs, while avoiding overlapping holdings.
TA-Defense will be comprised of shares of Israeli companies operating in the defense sector that meet the criteria for inclusion in Tamar Universe indices. The index is expected to include 20 shares with a total market cap of NIS 110 billion, including the share of Elbit (NIS 76 billion market cap) and the share of Next Vision (NIS 12 billion market cap), with the remaining companies accounting for around NIS 21 billion.
To qualify for the TA-Defense index, companies must be classified in the defense or in industrial/ technological sectors, and generate at least 50% of their revenue from the defense-military sector (or 40% for existing companies), without overlapping. The index will have a 10% weight cap and will be calculated as a gross total return, with a base value identical to the TA-125 index. Again, there will be no fast-track entry of shares to the index.
Yaniv Pagot, EVP, Head of Trading at TASE: “The introduction of the new TA-Infrastructure index and TA-Defense index is a major step for Israel's capital market, particularly for the flourishing infrastructure and defense sectors. The new indices will provide both institutional and retail investors with access to a wider range of targeted products, enabling exposure to growth sectors driven by security-related developments and the ensuing reconstruction efforts. The two new indices are an important addition to TASE’s diverse product suite, reflecting key trends in the Israeli economy.”
The indices will be launched on November 9, 2025, Record date will be October 16, 2025.
